Technical Analysis
GBPUSD have big potential to buy around 1.26942. This particular area have big resistance or rejection from the previous level higher time frame, it means lots of buyers took profit and sellers decided to involve in. Based on volume indicator the momentum for buyer is weakening. Target price at 1.27480
Fundamental Analysis
The US economy is in a strong position, but there are some risks ahead. The Federal Reserve's efforts to combat inflation could slow economic growth. The ongoing trade war with China could also weigh on the economy. However, the labor market is strong and consumer spending remains robust, which should help to support economic growth in the near term.
DISCLAIMER:The information on this analysis is based on research and experience, and it is not guaranteed to be accurate or complete
